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Ethereum Foundation revamps grants program under new funding approach

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 15 Views

Grants will now be distributed through a wishlist and requests for proposals, aligning funding with the Ethereum ecosystem’s goals.

The Ethereum Foundation (EF) has overhauled its grants program, shifting from an open application model to a new funding approach under its Ecosystem Support Program.

According to a blog post on Monday, grants will now be distributed through two main channels: a wishlist outlining focus areas set by the Foundation and requests for proposals (RFPs), targeting specific needs within the Ethereum ecosystem.

The previous open grants program, which was paused earlier this year, stretched the Foundation’s resources, it said. The new model will take a more selective approach by coordinating with internal teams to direct funds toward defined ecosystem priorities.

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